Potash (NYSE:POT) Stock Upgrade
HSBC Securities gave Potash (NYSE:POT) shares a new “Buy” rating in an interesting research report shared with investors on Tuesday, 15 December. The upgrade from the old “Hold” rating is certainly an interesting one.
From a total of 25 analysts covering Potash Corp (NYSE:POT) stock, 9 rate it a ”Buy”, 2 a “Sell”, and 14 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $41 while the lowest target price is $20. The mean of all analyst targets is $24.28 with a 39.38% above today’s ($17.32) stock price. Potash Corp was the topic of 19 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Bank of America reinitiated shares on December 7 with “Underperform” rating. UBS maintained shares with “Buy” rating and $27 target share price in a report from an October 14. JP Morgan maintained POT stock in a recent report from November 2 with “Overweight” rating. HSBC downgraded the rating on October 7. HSBC has a “Hold” rating and a $24.50 price target on shares. Finally, IBC upgraded the stock to “Sector Outperformer” rating in a report issued on an October 19.
Approximately 12.42 million shares of stock traded hands or 80.00% up from the average. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has declined 47.77% since May 12, 2015 and is downtrending. It has underperformed by 44.10% the S&P500.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The company has a market cap of $14.01 billion. The Firm operates in three business divisions: potash, nitrogen and phosphate. It has 9.82 P/E ratio. The Firm owns and operates five potash activities in Saskatchewan and one in New Brunswick.
According to Zacks Investment Research, “Potash Corporation of Saskatchewan Inc. is the world’s largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Behind its growing success lies a vital infrastructure: knowledgeable PCS Sales staff throughout Canada and the United States, a transportation network that includes truck, train, barge, lake ship and ocean vessel, and warehouses strategically located in major consuming areas.”